Kids and Credit

Do you have kids getting ready to head off to college? Or an 18 year old still in high school?

If you answered yes to either of these questions then there is something that you might need to be on the lookout for; have you had the talk with them yet? Do you know if they are being safe? Yes, I am talking about credit and credit cards. Do you know that the day your child turns 18 they are eligible to get a credit card? Without ever having been told about finance charges, or late payments, or how bad credit can affect them for the rest of their lives.

Here's a situation for you: Your daughter goes out shopping with her friends. She walks up to the counter and the cashier asks "Would you like to sign up today for our charge card and earn 10% percent off your purchase today?" Well why would she possibly say no to an offer like that? Now they have her. She has been hooked into the world of credit. You may not even know that she has a credit card.

Have you talked to your children about this issue? As parents we know that we should have the talk about drugs and of course the talk about "intimate relationships", but now more than ever we must consider the talk about
CREDIT.
I know it can be scary but consider this, if your child has bad credit,
They Might Never Move Out.


Join us as we discuss this over the next few weeks. We will tell you about how to educate your children about the pros and cons of credit, what it means to be a responsible borrower and a good steward of their money, and yours.

This series of articles are brought to you by the Miller Housing Group

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